ASML Holding N.V. (NASDAQ:ASML) Shares Purchased by McClarren Financial Advisors Inc.

Key Points

• McClarren Financial Advisors Inc. increased its stake in ASML Holding N.V. by 33,000.0% during Q1, now owning 662 shares valued at approximately $439,000.
• ASML recently declared a quarterly dividend of $1.856 per share, marking an increase from its previous dividend of $1.64.
• Analysts have boosted ASML's target price, with Wells Fargo raising it to $890.00 and a consensus target price set at $923.80.

McClarren Financial Advisors Inc. grew its stake in shares of ASML Holding N.V. (NASDAQ:ASML - Free Report) by 33,000.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 662 shares of the semiconductor company's stock after acquiring an additional 660 shares during the quarter. McClarren Financial Advisors Inc.'s holdings in ASML were worth $439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Putney Financial Group LLC grew its position in ASML by 322.2% during the 1st quarter. Putney Financial Group LLC now owns 38 shares of the semiconductor company's stock worth $25,000 after purchasing an additional 29 shares during the period. Banque Cantonale Vaudoise purchased a new position in ASML in the 1st quarter valued at about $27,000. Wayfinding Financial LLC acquired a new stake in ASML in the 1st quarter worth about $35,000. Pinnacle Bancorp Inc. purchased a new position in shares of ASML in the first quarter valued at approximately $42,000. Finally, Olde Wealth Management LLC acquired a new position in ASML in the 1st quarter valued at $42,000. 26.07% of the stock is owned by hedge funds and other institutional investors.

ASML Stock Up 0.2%

NASDAQ:ASML traded up $1.04 during midday trading on Wednesday, reaching $690.67. The company had a trading volume of 1,203,838 shares, compared to its average volume of 2,566,127. The stock's fifty day simple moving average is $760.31 and its 200-day simple moving average is $725.63. The company has a current ratio of 1.43, a quick ratio of 0.81 and a debt-to-equity ratio of 0.21. ASML Holding N.V. has a 12-month low of $578.51 and a 12-month high of $945.05. The firm has a market capitalization of $271.72 billion, a price-to-earnings ratio of 28.83, a PEG ratio of 1.40 and a beta of 1.76.

ASML (NASDAQ:ASML - Get Free Report) last released its earnings results on Wednesday, July 16th. The semiconductor company reported $4.55 earnings per share for the quarter, missing analysts' consensus estimates of $5.94 by ($1.39). ASML had a return on equity of 49.47% and a net margin of 26.95%. The firm had revenue of $8.94 billion for the quarter, compared to analysts' expectations of $8.72 billion. During the same quarter in the previous year, the company posted $4.01 earnings per share. The firm's quarterly revenue was up 23.2% on a year-over-year basis. On average, sell-side analysts anticipate that ASML Holding N.V. will post 25.17 earnings per share for the current fiscal year.

ASML Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 6th. Investors of record on Tuesday, July 29th will be issued a $1.856 dividend. This represents a $7.42 annualized dividend and a yield of 1.1%. This is a boost from ASML's previous quarterly dividend of $1.64. The ex-dividend date of this dividend is Tuesday, July 29th. ASML's dividend payout ratio is currently 26.21%.

Analyst Ratings Changes

A number of research firms have weighed in on ASML. Jefferies Financial Group lowered shares of ASML from a "buy" rating to a "hold" rating in a research note on Thursday, June 26th. Barclays reiterated an "equal weight" rating on shares of ASML in a research report on Tuesday, June 3rd. DZ Bank cut ASML from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 16th. Wells Fargo & Company upped their price objective on ASML from $840.00 to $890.00 and gave the company an "overweight" rating in a report on Tuesday, July 8th. Finally, Citigroup restated a "buy" rating on shares of ASML in a research report on Monday, May 19th. Seven equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, ASML currently has an average rating of "Moderate Buy" and an average target price of $923.80.

About ASML

ASML Holding N.V. develops, produces, markets, sells, and services advanced semiconductor equipment systems for chipmakers. It offers advanced semiconductor equipment systems, including lithography, metrology, and inspection systems. The company also provides extreme ultraviolet lithography systems; and deep ultraviolet lithography systems comprising immersion and dry lithography solutions to manufacture various range of semiconductor nodes and technologies.